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Birchgrove Suburb Insights
VICLocation Information
Suburb Name
Birchgrove, VIC
Distance from CBD
7.8 kmDemographics
Population
3,303
Median Income
$78,780
Area Information
Area
0.59 km²
Population Density
5598 people/km²
Property Market
Median Price
$500,005
Annual Growth
+6.8%Property Price Trend Analysis
Current Median Price
$500,005
Annual Growth
+6.8%
Quarterly Growth
+3.9%
Price Trends - Last 6 Months
2024-01
$650,951
+3.7%2024-02
$980,421
+6.5%2024-03
$706,841
+12%2024-04
$622,621
+9.1%2024-05
$860,291
+8.2%2024-06
$753,248
+18.4%Property Type Price Analysis
House
Median Price
$988,146
Growth Rate
+6.9%Available Listings
167 properties
Apartment
Median Price
$355,849
Growth Rate
+12.9%Available Listings
885 properties
Townhouse
Median Price
$610,533
Growth Rate
+15.5%Available Listings
184 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy